Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Everyone's super excited about how $DEGO 's price went up. But are we looking at the whole situation?
The price went up from 0.761 like a V-shape, which is pretty normal. We've gained over 14% today.
Now the problem is we're stuck right below the high of 0.941.
The big thing to worry about is what's happening in the order book. A lot of people (71%) want to sell on the ask side. That's like a big wall stopping the price from going up.
If the price breaks through 0.941, it'll be a big deal for buyers. But if it doesn't make it through and drops, it might go down to around $0.88 again.
Being patient with $DEGO is a good idea. Want to see buyers deal with that big wall of sellers before buying more. Otherwise, it'll be a quick trade.
Don't try to buy if the price is struggling against resistance. Wait for things to become clear.
#DEGO #BitcoinMarketAnalysis